Podcasts about Oaktree Capital Management

Craig Johnson, chief market technician at Piper Sandler, says that for all of the tumult and headlines, he still believes the market shows signs that it will still reach 6600 on the Standard & Poor's 500, the level he was expecting at the start of the year. That's up by more than 15 percent from current levels. Johnson acknowledges that the voyage will remain more "noisy" than he expected, but he says conditions "are more normal than many people realize." As a result, he's almost fully invested, counting on making money by climbing the proverbial Wall of Worry. Danielle Poli, portfolio manager at Oaktree Capital Management, says the credit market is delivering returns that are close to the historic levels of equities, but says the current set-up is reminiscent of times in the early 2000s when credit "smoked" equities. With high-yield bonds earning around 8 percent and private credit showing significant demand, Poli says that while credit can be "a great place to hide out," investors can expect even more from it now. Poli says that credit can be more than just "a great place to hide out;" in talking with corporate executives, Poli says she now expects a slower economic environment, with the potential for higher inflation from tariffs, creating the kind of environment where "you're going to want to be in credit over equities." Plus Charles Rotblut, editor of AAII Journal, says the group's latest survey of investor sentiment is showing numbers "that you'd expect to see if there's a bad bull market," with uncertainty being priced into the market and into investor expectations. He also discusses an AAII Journal article highlighting the changing ways that investors are using cash in their portfolios.

Danielle Poli, Portfolio Manager at Oaktree Capital Management, says the credit market is delivering returns that are close to the historic gains for equities, noting that the current set-up is reminiscent of times in the early 2000s when credit "smoked" equities. With high-yield bonds earning around 8 percent and private credit showing significant demand, Poli says that credit can be more than just "a great place to hide out," amid rocky conditions and uncertainty surrounding the stock and bond markets. In talking with corporate executives, Poli says she has come to expect a slower economic environment, with the potential for higher inflation from tariffs, creating the kind of environment where "you're going to want to be in credit over equities."

Podcast: The Memo by Howard Marks (LS 52 · TOP 0.5% what is this?)Episode: Nobody Knows (Yet Again)Pub date: 2025-04-09Get Podcast Transcript →powered by Listen411 - fast audio-to-text and summarizationIn his latest memo, Howard discusses how the recent events surrounding tariffs can have a seismic but unpredictable impact on the global economy. Seismic in that they reflect a fundamental undoing of longstanding norms, and unpredictable in that tariffs would bring untold second- and third-order consequences. He emphasizes that there is no foreknowledge here, with forecasts even less likely to be accurate than usual. Howard considers the response of the financial markets, highlighting the key question regards the appropriateness of the market reaction thus far: has it been just right, excessive, or inadequate? You can read the memo here (https://www.oaktreecapital.com/insights/memo/nobody-knows-yet-again).The podcast and artwork embedded on this page are from Oaktree Capital Management, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

Howard Marks is a renowned investment thinker and the co-founder and co-chairman of Oaktree Capital Management, a leading global investment firm overseeing $200 billion primarily in credit investments that is majority owned by Brookfield Asset Management. Our conversation covers Howard's journey from his early days in finance to his current insights on the evolving credit landscape. We dive into themes from his latest Memo, Gimme Credit, exploring the pendulum swings in investor sentiment, the rise of private credit, and implications for investors. We also discuss the changing dynamics of private equity, the trend of asset manager M&A, and life as a public company. Throughout our conversation, Howard shares his timeless wisdom on risk management, market cycles, and the enduring principles of successful investing. Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership

Oaktree Capital Management Co-Chairman Howard Marks discusses the present moment, the market selloff, and the changes brought to trade through tariffs. He speaks with Bloomberg's Lisa Abramowicz.See omnystudio.com/listener for privacy information.

In this episode of the Investing in Integrity podcast, Ross Overline, CEO and co-founder of Scholars of Finance, speaks with Howard Marks, Co-Founder and Co-Chairman of Oaktree Capital Management. Join Howard and Ross as they explore the key moments of his illustrious career and the principles defining exceptional investing. They discuss second-level thinking, the emotional challenges of investing, and how integrity and shared values build successful partnerships. Howard also shares his insights on philanthropy and giving back to inspire future leaders. A must-listen for finance enthusiasts and aspiring leaders!Meet Howard Marks:Howard Marks is a legend in the world of investing, known for his sharp insights and disciplined approach to risk. As the Co-Founder and Co-Chairman of Oaktree Capital Management, he has grown the firm to manage over $200 billion in assets, specializing in distressed debt and high-yield investments. With a career spanning Citicorp Investment Management and TCW Group, Howard has shaped modern investing through his expertise and widely followed memos. Beyond finance, he is dedicated to philanthropy, serving on the investment committee of the Metropolitan Museum of Art and as an emeritus trustee at the University of Pennsylvania.

When Warren Buffet singles you out for praise, it might be fair to say you have summited the investment equivalent of K2, Annapurna and Kangchenjunga, the most challenging of mountain peaks!   In a capricious investing world, where success is often transient, reputations easily tarnished and hubris punished, to have not only stayed the course for 55 years, but thrived, built Oaktree Capital into one of the largest investors in distressed securities worldwide and cemented a vast loyal following is extraordinary. His investment memos written over the years are world class: engaging, lucid and approachable. In this 1 hour conversation, Howard shares some of his most important investing lessons. It's a conversation everyone interested in investing should hear. Howard explains, why it's not what you buy, it's what you pay that counts, why you need to be contrarian to succeed in investing, why over confidence is the enemy of performance, and  - given the inevitable nature of cycles - why he subscribes to Voltaire's comment that “history never repeats itself, but man always does”. And that is before he discusses the role of luck, the future of the US, the “illusion of knowledge”, and much more with one of the investment greats! ​​The Money Maze Podcast is kindly sponsored by Schroders, World Gold Council, LSEG and IFM Investors. Sign up to our Newsletter | Follow us on LinkedIn | Watch on YouTube 

The Dublin office of global law firm Taylor Wessing has advised on multiple high-profile deals in 2024, cementing its position as a leading law firm in Ireland for complex domestic and cross-border transactionalwork. Taylor Wessing Ireland was instrumental in delivering deals such as RIP.ie's sale to the Irish Times Group, Sherweb's acquisition of MicroWarehouse, and the acquisition of Mahon Retail Park. These market-leading transactions are a testament to the global law firm's commitment to expanding its Irish operations, while showcasing the depth of its legal expertise. The firm experienced strong growth in its banking and finance, corporate, disputes, IP, data, real estate, patents and tax capabilities, while solidifying its status as a pre-eminent law firm in its key sectors of technology, life sciences, healthcare and real estate. Highlight transactions on which Taylor Wessing Ireland advised include: Banking and Finance Global financial institution, ING Bank N.V's €55 million facility loan to an investment fund managed by Ireland's largest life insurance and pensions provider, Irish Life. The loan was used to refinance existing facilities in respect of Fernbank PRS, a residential development located in South Dublin. Corporate Mergers & Acquisitions Ireland's leading online platform for death notices, RIP.ie, on its sale to the Irish Times Group. Leading global cloud solutions provider, Sherweb, on its acquisition of MicroWarehouse, a prominent player in the Irish cloud technology market. Customer communications technology provider serving financial and regulation industries Mail Metrics, on its acquisition of Adare SEC and a simultaneous equity investment by MML and debt financing by AIB and Bank of Ireland. The management team of Kyte Powertech, a leading manufacturer of distribution transformer solutions, on its sale to R&S Group, a leading provider of electrical infrastructure products headquartered in Switzerland. Activist investor, Engine Capital, on its agreement with drinks company C&C. ATC, a leading energy efficiency, heating and related automated solutions business headquartered in Dublin, on LED Group's acquisition of the company (subject to CCPC approval). LED Group is a leading platform for energy transition solutions backed by Oaktree Capital Management. Real Estate and Real Estate Finance French real estate investment fund, Corum Origin, on its €50 million acquisition of Mahon Retail Park from Ireland's leading commercial property company, IPUT. A number of global real estate investment managers on several deals including: a €100 million refinancing of a landmark development in a prime South Dublin location; a €100+ million refinancing of a landmark mixed-use development in Dublin city centre; an €80+ million financing of a logistics park in Dublin; and a Dublin city centre landmark hotel refinancing. Leading Irish investment and development partner, Elkstone through its investment fund, Geminiville Limited, on the sale of its development lands in Barna, on the outskirts of Galway. Global investment firm, Investcorp, on the acquisition and financing by Capital flow, of two retail parks from US investment group, Davidson Kempner. Advised on lease or sale and leaseback agreements for various clients, including Corum (in relation to the lease of office space at George's Quay House to Personio) and Appeals Centre Europe (in relation to the lease of new office space from Kennedy Wilson). Commenting on the extent of Taylor Wessing Ireland's activity throughout 2024, Adam Griffiths, Partner and Head of the Dublin office said: "2024 has been a year of significant growth for Taylor Wessing Ireland. I want to take a moment to congratulate our clients on a successful year and the key milestones they have achieved. As we look to 2025, Taylor Wessing Ireland remains committed to supporting our clients in their future ventures, leveraging the expertise of our partners to help them prosper and grow." Founded and led ...

Who is more invested in a breakfast of eggs and bacon — a chicken or a pig? And what does this have to do with leveraged finance?Find out in this week's episode of Cloud 9fin as global head of distressed debt and restructuring Max Frumes talks with Mike Harmon about his forthcoming book The Financial Restructuring Tool Set: How to Fix Your Broken Balance Sheet. They talk about the various ways that a company can restructure in and out of court, the evolution of the distressed debt playbook, and what restructuring has in common with Lewis Carroll's Alice in Wonderland.Mike Harmon is a lecturer in management at the Stanford Graduate School of Business, managing partner of Gaviota Advisors, LLC who spent 21 years in the special situations and global principal groups at Oaktree Capital Management.Have any feedback for us? Send us a note at podcast@9fin.com. Thanks for listening.

Private credit to risky borrowers that need a lifeline is poised to boom as rates stay high, according to Oaktree Capital Management. “You're going to see a lot of what they call rescue financing,” said David Rosenberg, head of liquid performing credit at Oaktree. “That's going to be one of the greatest opportunities we've seen in a decade.” Loans to troubled companies will focus on sectors that have seen most leveraged buyout activity, like technology and health care, Rosenberg tells Bloomberg News' James Crombie and Bloomberg Intelligence senior credit analyst Jean-Yves Coupin in the latest Credit Edge podcast. Rosenberg and Coupin also discuss liability management, creditor-on-creditor violence, private debt stress, the M&A outlook, European investment opportunities and geopolitical risks.See omnystudio.com/listener for privacy information.

Elmar Schoonbrood was appointed Co-CEO of Multi Corporation in January 2022. He brings nearly two decades of experience in European real estate and debt markets. Prior to this, he served as Managing Director at Blackstone and has previously held roles at Oaktree Capital Management and Morgan Stanley. He holds an MA in Real Estate and a BA in Business Administration. I sat down with Elmar to discuss a broad range of subjects which covered some of the following topics: * How he got into real estate & early career moves * Navigating the intersection of e-commerce and traditional retail * Harnessing Data & AI for to create forward predicting decision making * Acquiring and revitalising Multi * Strategies for building and leading high-performing teams * Crafting a compelling vision and tracking progress with the team * Enhancing operational efficiencies for sustained growth * Driving value from the portfolio through development work * Personal sacrifices involved in establishing a business * Managing a €5bn real estate portfolio effectively   Oh and one last question - who are the People, what Property, and in which Place Elmar would invest should he have £500m of capital at his disposal. Catch the full episode which will be live on Youtube, Spotify and Apple NOW! The People Property Place Podcast ?? is powered by Rockbourne - the team recruit Leadership & Future Leadership hires for Real Estate Funds, Owners, Investors & Developers. Who do you want to see on the Podcast?  

Asian equities are mainly in the green at the start of the week with the dollar rally pausing after achieving multi-month highs. President-elect Donald Trump appoints Sean Duffy as transport secretary and there are reports of potential in-fighting in the transition team over a growing field of Treasury contenders. The U.S. DoJ is reportedly on the verge of forcing Google to sell its Chrome browser – the latest regulatory push to break up the company's online search monopoly. We hear exclusively from Oaktree Capital Management's Howard Marks who says he is positive on China's trade relations with the U.S. over the next decade.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Welcome back to the Alt Goes Mainstream podcast.Today's episode is with someone who has experienced the growth and evolution of the credit space from different vantage points.We welcome Alona Gornick, a Managing Director, Senior Investment Strategist, and Co-Head of the Chicago Office for Churchill Asset Management, a firm with $50B committed capital that is a provider of financing solutions to middle market private equity firms and their portfolio companies. Churchill is an investment-specialist affiliate of Nuveen, the asset manager of TIAA.Alona provides investment insights across the private capital spectrum to the investment community – and has a particular focus on working with the Private Wealth and Retail channels. She works closely with Nuveen's global distribution team to deepen relationships with and educate Churchill's investors and partners.Alona leverages her experience in capital markets, investor relations, and credit investing from working at the likes of Nuveen, Golden Gate Capital, and Oaktree Capital Management.Alona and I had a fascinating conversation. We discussed:The evolution of credit investing.The opportunities and risks in private credit. Are we in a private credit bubble?Why the product specialist role is critical for working with the wealth channel.The power of scale, particularly in private credit, and how it helps alternative asset managers win deals and invest.The strategic benefit of platforms and permanent capital.Thanks Alona for coming on the show to share your views and wisdom on private markets. We hope you enjoy.A word from AGM podcast sponsor, Ultimus Fund SolutionsThis episode of Alt Goes Mainstream is brought to you by Ultimus Fund Solutions, a leading full-service fund administrator for asset managers in private and public markets. As private markets continue to move into the mainstream, the industry requires infrastructure solutions that help funds and investors keep pace. In an increasingly sophisticated financial marketplace, investment managers must navigate a growing array of challenges: elaborate fund structures, specialized strategies, evolving compliance requirements, a growing need for sophisticated reporting, and intensifying demands for transparency.To assist with these challenging opportunities, more and more fund sponsors and asset managers are turning to Ultimus, a leading service provider that blends high tech and high touch in unique and customized fund administration and middle office solutions for a diverse and growing universe of over 450 clients and 1,800 funds, representing $500 billion assets under administration, all handled by a team of over 1,000 professionals. Ultimus offers a wide range of capabilities across registered funds, private funds and public plans, as well as outsourced middle office services. Delivering operational excellence, Ultimus helps firms manage the ever-changing regulatory environment while meeting the needs of their institutional and retail investors. Ultimus provides comprehensive operational support and fund governance services to help managers successfully launch retail alternative products.Visit www.ultimusfundsolutions.com to learn more about Ultimus' technology enhanced services and solutions or contact Ultimus Executive Vice President of Business Development Gary Harris on email at gharris@ultimusfundsolutions.com.We thank Ultimus for their support of alts going mainstream.Show Notes00:00 Introduction to Ultimus Fund Solutions01:18 Welcome to the Podcast02:00 Guest Introduction: Alona Gornick03:45 Alona's Career Path and Experience06:59 Growth of Middle Market Direct Lending07:41 Changes in the Credit Landscape10:21 The Importance of Size and Scale in Private Credit13:27 Deal Structuring and Market Evolution14:46 Impact of High Rate Environment16:06 Private Credit Returns and Underwriting20:53 Investor Questions and Market Insights21:24 Educating Investors on Private Credit23:43 Private Credit in Wealth Portfolios24:09 Diversification Benefits of Private Credit24:24 Yield Premium in Private Credit26:40 Private Credit vs. Private Equity27:06 Exploring Private Equity and Private Debt27:24 Transitioning from Public to Private Credit27:49 The Role of a Product Specialist28:09 Balancing Risks and Benefits28:49 Relating to Advisors with Real Examples29:40 The Importance of Education in Allocation30:25 Diverse Viewpoints on Alternative Asset Managers31:48 Challenges in Access to Capital33:26 The Significance of Hiring Quality People34:12 Non-Traditional Backgrounds in Specialist Roles36:29 Patience and Commitment in Educating Investors39:13 The Hardest Part of Educating the Wealth Channel40:47 The Role of Structure in Education44:21 Concerns About the Future of Private Credit47:00 The Growth Potential of Private Credit49:38 The Most Interesting Alternative Investment50:15 The Opportunity in Private Equity Secondaries52:47 Private Credit Secondaries: A Nascent Space54:17 Primary and Secondary Considerations in Credit54:34 Conclusion and Final Thoughts

Howard Marks, co-chairman of the alternative investment manager Oaktree Capital Management, explains what distinguishes ownership and debt—and how they relate to two of the most popular investment types: stocks and bonds.

Podcast: The Memo by Howard Marks (LS 52 · TOP 0.5% what is this?)Episode: Ruminating on Asset AllocationPub date: 2024-10-22Get Podcast Transcript →powered by Listen411 - fast audio-to-text and summarizationIn his latest memo, Howard Marks outlines the need to base asset allocation decisions around an established risk target. He describes the fundamental differences between ownership and debt, as well as the importance of finding the combination of the two that gets an investor's portfolio to the desired position on the risk/return continuum. Finally, he expands on the increased utility of debt investments in today's portfolios.You can read the memo here (https://www.oaktreecapital.com/docs/default-source/default-document-library/ruminating-on-asset-allocation.pdf?sfvrsn=67775566_2).The podcast and artwork embedded on this page are from Oaktree Capital Management, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

On today's episode, Clay and Kyle review The Most Important Thing by Howard Marks and share their most impactful takeaways. Howard Marks is the co-founder and co-Chairman of Oaktree Capital Management, a global investment giant with more than $190 billion in assets. He's also the author of two best-selling books, “The Most Important Thing” and “Mastering the Market Cycle,” and his client memos have earned him renown as one of the world's most insightful thinkers on financial markets and the art of investing. Warren Buffett has said, “When I see memos from Howard Marks in my mail, they're the first thing I open and read. I always learn something.” IN THIS EPISODE YOU'LL LEARN: 00:00 - Intro 05:12 - How second-level thinking can improve our skills as investors. 10:54 - The most common reasons for a stock to be mispriced. 13:40 - Howard's thoughts on the efficiency of markets. 18:26 - How Howard Marks thinks about risk. 28:25 - Ways in which we can recognize risk in the market. 50:31 - How to differentiate luck versus skill in investing. 01:10:55 - The importance of patient opportunism for investors like Pulak Prasad and Warren Buffett. And so much more! Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Books mentioned: The Most Important Thing, The Joys of Compounding. Related Episode: TIP545: The Third Sea Change Has Begun. Related Episode: RWH002: Investing Wisely in an Uncertain World. Mentioned Episode: TIP597: Darwin's Investing Lessons w/ Kyle Grieve. Follow Kyle on Twitter. Follow Clay on Twitter.  Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Daloopa Sound Advisory TastyTrade Public Connect Invest Onramp Found American Express BAM Capital Fundrise Vanta HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Intelligent Investor, Market Cycles, Supply & Demand - Best of Host Matt on Investing & Economics AZ TRT - S05 EP34 (250) 9-1-2024 What We Learned This Week: The Intelligent Investor Ben Graham's teaching, and seminal investing book - Ch. 8 on Mr. Market, & Ch. 20 on Margin of Safety Market Cycles – importance of identifying them, to know where you are at when investing to avoid Bubbles and Mania Supply & Demand - Economics Simplified Capital Allocation - What is the Opportunity of your Business Investment? Gamblers Fallacy - What is the Probability of the Next Die Roll? Game Theory - Dr. Nash's Plan to Pickup Women       Notes:   Seg 1. MB on Ben Graham's teaching and seminal investing book, The Intelligent Investor (c 1949), & review of the 2 main chapters - Ch. 8 on Mr. Market, and Ch. 20 on Margin of Safety Ben Graham was an economist, professor, and investor. He is also known as the Father of Value Investing, and the author of Security Analysis, and The Intelligent Investor. He stressed fundamental analysis of securities (stocks), investor mindset, focused investing, and ‘buy and hold'. He was Warren Buffet's professor, one time boss, friend and mentor. More: Here Buffet – Rule #1 Never Lose Money, Rule #2 Remember Rule #1 Ch. 8 - The Investor and Market Fluctuations / aka – Mr. Market Parable Ch. 20 - Margin of Safety as the Central Concept of Investment Stocks are a piece of ownership of a company, not just some piece of paper. You have to be able to value the company to determine if the market is selling you the stock at a discount, or if it is over-valued. A good investment is based on the price you pay for it. A good stock can be over-priced, and a bad stock can be a good buy if the price is depressed enough. You make money when you buy (what you pay).   Mr. Market is very emotional, and changes his mind daily. Sometimes he makes you an offer on a stock that is silly, and other times he offers a stock at a deep value, at a low price. This is when you should buy. It is all about psychology, discipline and patience.   Margin of Safety is the idea to buy stocks with a defensive mindset. Buy it cheaper than the value, so if your valuation was off, you give yourself room for error. You have to do detailed fundamental analysis to determine if a stock is over or under valued. Then you hold until the stock, ride out the fluctuations until it rises to its true value.   Full Show: HERE       Seg. 2   MB on legendary investor, Howard Marks of Oaktree and his Memos, in particular, Market Cycles. The importance of understanding Cycles, and how to identify them in investing. A look at market history, and investor psychology all connected to Market Cycles. Per Investopedia – Market Cycle The four stages of a market cycle include the accumulation, uptrend or markup, distribution, and downtrend or markdown phases. Accumulation Phase: Accumulation occurs after the market has bottomed and the innovators and early adopters begin to buy, figuring the worst is over. Markup Phase: This occurs when the market has been stable for a while and moves higher in price. Distribution Phase: Sellers begin to dominate as the stock reaches its peak. Downtrend: Downtrend occurs when the stock price is tumbling down. Examples – Tech Stock Bubble of 2000, Financial Crisis of 2008 (Housing Bubble), Pandemic of March 2020, Railroad Speculation mid-1800s, Great Depression 1929 Howard Marks quotes overheard in a Bubble: ‘This time it is different.' ‘The market can't fail.' The market does not always go up, there is Regression to the Mean – prices will eventually go down and even out. Be leery when there is euphoria in the market (be fearful), and maybe sell. Then buy after, post crash at depressed pricing levels. Buy Low, Sell High. Even a depressed asset can be attractive at the right (low) price. Michael Lewis book – Big Short on the Financial Crisis of 2008   Howard Marks Memos: https://www.oaktreecapital.com/insights Books: Here (The Most Important Thing, Mastering the Market Cycle) Bio (c/o Wikipedia) - https://en.wikipedia.org/wiki/Howard_Marks_(investor) Howard Stanley Marks (born April 23, 1946) is an American investor and writer. He is the co-founder and co-chairman of Oaktree Capital Management, the largest investor in distressed securities worldwide. In 2020, with a net worth of $2.1 billion, Marks was ranked No. 391 on the Forbes 400 rankings of the wealthiest Americans.[2] Marks is admired in the investment community for his "memos", which detail his investment strategies and insight into the economy and are posted publicly on the Oaktree website. He has also published 3 books on investing.[3][4] According to Warren Buffett, "When I see memos from Howard Marks in my mail, they're the first thing I open and read. I always learn something, and that goes double for his book."[5] Funds led by Marks have produced long term returns net of fees of 19% per year. Investors are primarily pension funds and sovereign wealth funds.     Seg. 3 & 4 Economics 101 for Real World Business   Full Show: HERE   Supply & Demand Supply is the amount of a specific good or service that's available in the market. Demand is the amount of the good or service that customers want to buy. Supply and demand are both influenced by the price of goods and services. If there was only one pizza restaurant in a town and then a new pizza place opened, the demand for pizza from the first restaurant would drop. The price of gasoline often changes with the demand throughout the year. As people drive more in the summer, gasoline prices tend to rise. In professional football, owners sell entertainment (supply) and spectators buy the opportunity to view or display the game (demand). Meanwhile, owners also buy the services of athletes who wish to play (demand) and trained athletes make themselves available for a price (supply).   Marginal Utility What Is Marginal Utility? Marginal utility is the added satisfaction that a consumer gets from having one more unit of a good or service. The concept of marginal utility is used by economists to determine how much of an item consumers are willing to purchase. Sports David Beckham signed $250 mil contract in 2007 w LA Galaxy Galaxy willing to overpay to get the attention, ticket and merchandize sales What we will pay at the margin? There is only 1 Beckham, rare commodity, like a diamond – subjective on the value What is the value of a bottle of water in the desert?  If only 1, then pay a lot, if there are 50 available, then pay less    Capital Allocation – Capital Allocation is the process of distributing financial resources to different areas of a business to increase efficiency and maximize profits.   A Sunk Cost refers to money that has already been spent and which cannot be recovered. In business, the axiom that one has to “spend money to make money” is reflected in the phenomenon of the sunk cost. A sunk cost differs from future (or regular) costs that a business may face, such as decisions about inventory purchase costs or product pricing.    Sunk Costs also mean that the Money $ used on a bad investment is lost. Don't try to ‘chase it' to somehow recover and get even. Instead, just write it off, and move on.  It is better to use the New Money $ on better investments. Where to Invest your money $ is pivital to Capital Allocation. Simply put, learn to Control Your Capital and decide wisely what Opportunity (Cost)  it should go to be as efficient as possible. This is the intersection of scarcity and choice.   Opportunity Cost is the loss or gain of making a decision, the forgone benefit that would have been derived by an option not chosen. To properly evaluate opportunity costs, the costs and benefits of every option available must be considered and weighed against the others. Famous Phrase – “idle cash balances represent an opportunity cost in terms of lost interest”   Whether your time or money can be better spent on something else   Should you mow your own lawn, or hire someone and concentrate on your job to make more $   Division of Labor We do not cut our own hair, or drill our own teeth – we go to a dental specialist, saves time & $ over long term Concentrate on your specialties Pencil example – one co make wood, one makes eraser, one mines the graphite, and one co assemblies – we all benefit as it would be harder and cost more if same company did it all, suppliers w/ specialty help keep costs down     In Stock Investing – Beware the Zombie Co.s in the S&P Index.   These are companies that are not profitable, or growing (may even need a Bailout). They are just treading water, and paying their interest on debt, but not their principal. In the current S&P index, it is estimated that about 20% of companies are Zombie Co's whose main investment comes from people buying the whole Index.   Unfortunately another 30% of the Index are bad companies that are either are stagnant, or on their way to Zombie status. Maybe 10 – 15% of the Companies (Stocks) in the Index (50 – 75 Co's) are really good to exceptional and should get your Capital.    Do you want to own the best house on the block? Or all of them?         Gamblers Fallacy each roll of the die is separate from the last, no effect   The gambler's fallacy, also known as the Monte Carlo fallacy, occurs when an individual erroneously believes that a certain random event is less likely or more likely to happen based on the outcome of a previous event or series of events.   For example, the gambler's fallacy might cause someone to believe that if a coin just landed on heads twice in a row, then it's “due” to land on tails on the next toss.     Monte Carlo Simulation – use for modeling scenarios   One simple example of a Monte Carlo Simulation is to consider calculating the probability of rolling two standard dice. There are 36 combinations of dice rolls. Based on this, you can manually compute the probability of a particular outcome.   Monte Carlo Simulation is a mathematical method for calculating the odds of multiple possible outcomes occurring in an uncertain process through repeated random sampling. This computational algorithm makes assessing risks associated with a particular process convenient, thereby enabling better decision-making.   Probabilities   Probability is simply how likely something is to happen. Whenever we're unsure about the outcome of an event, we can talk about the probabilities of certain outcomes—how likely they are. The analysis of events governed by probability is called statistics.   Sports analytics is a more recent field that uses data to measure areas like athletic performance and business health to optimize the processes and success of a sports organization as a whole. On-field data metrics help teams decide how to improve in-game strategies, nutrition plans and other methods for raising their athletes' level of performance. Off the field, organizations can leverage data to monitor ticket sales, craft marketing campaigns and reduce operational costs.   Data lets teams and organizations track performance, make predictions and make smarter decisions on the field. Want to figure out what play is best to run on fourth down in a football game? Check the analytics. Wondering whether or not your pitcher should throw another inning? Check the analytics. Players still win games, but data allows coaches to put them in the best position to succeed.     Game Theory – science of human strategy, people behave differently in games Dr. Nash – A Beautiful Mind If they all go for the same girl in the bar, competition and no one gets her, but if they work together and pair off with the group of girls, they all may win As Nash explains it, if all the men approach the blonde first, none of the men will pair off: The blonde will reject them all as a crowd, and her brunette friends will reject them all individually because none of the women will accept being second choice to her friend. While used in several disciplines, game theory is most notably used as a tool within the study of business and economics. The "games" may involve how two competitor firms will react to price cuts by the other, whether a firm should acquire another, or how traders in a stock market may react to price changes.   Prisoners Dilemma The prisoner's dilemma presents a situation where two parties, separated and unable to communicate, must each choose between cooperating with the other or not. The highest reward for each party occurs when both parties choose to co-operate. Keep your mouth shut and tell the cops nothing, both walk   Cold War Example If both combatants do nothing, everyone lives, or mutual destruction with nuclear war War Games movie – no winner in hundreds of simulated games         Related Show:   Market Cycles, Risk, & Ben Graham's Intelligent Investor - Finance Lessons from BRT BRT S04 EP29 (192) 7-23-2023   What We Learned This Week:    Mean Reversion & Market Cycles – Asset prices do not go up forever, but rather fluctuate Assets – Valuations have gone down, forces Investors to evaluate the worth of an Asset, Risk / Reward analysis, no more ‘free' money Interest Rates – Don't Fight The Fed, raising rates to lower value of assets Market Risk – can get Treasury Bills at 4 – 5%, risk-free, need good ROI to invest in stocks with 10 – 20% downside risk Wealthy own Assets, Business, Real Estate, Stocks are the best and most popular The Intelligent Investor Ben Graham's teaching, and seminal investing book - Ch. 8 on Mr. Market, & Ch. 20 on Margin of Safety   Full Show: HERE             Business Topic: HERE   Investing Topic: https://brt-show.libsyn.com/category/investing More - BRT Best of: https://brt-show.libsyn.com/category/Best+Of   Thanks for Listening. Please Subscribe to the BRT Podcast.     AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business.  AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving.  Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more…    AZ TRT Podcast Home Page: http://aztrtshow.com/ ‘Best Of' AZ TRT Podcast: Click Here Podcast on Google: Click Here Podcast on Spotify: Click Here                    More Info: https://www.economicknight.com/azpodcast/ KFNX Info: https://1100kfnx.com/weekend-featured-shows/     Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.

Podcast: The Memo by Howard Marks (LS 51 · TOP 0.5% what is this?)Episode: The Folly of CertaintyPub date: 2024-07-17In his latest memo, Howard Marks discusses the importance of avoiding expressions of absolute certainty when operating in fields subject to randomness and human emotion, like politics, economics, and investing. He suggests that it's better to have humility and acknowledge that the smartest thing to say is often “I don't know.”You can read the memo here (https://www.oaktreecapital.com/insights/memo/the-folly-of-certainty).The podcast and artwork embedded on this page are from Oaktree Capital Management, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

Howard Marks, co-founder of Oaktree Capital Management, and Stephen Schwarzman, CEO of Blackstone, share their insights on investing, market trends, and the future of finance. Gain valuable perspectives from these industry leaders as they discuss their strategies and experiences in navigating the complexities of the financial world.

What's Up Warriors!

Howard Marks, co-founder and co-chair of Oaktree Capital Management, says he sees "pain" ahead in the private equity and real estate space. He discusses what he sees as the risks facing the current investment environment with hosts Matt Miller, Katie Greifeld and Sonali Basak.See omnystudio.com/listener for privacy information.

Nicole Adrien is the Chief Product Officer and Global Head of Client Relations at Oaktree Capital.   If you work directly with clients and prospects, this is the conversation for you.    Nicole discusses her career path beginnings at Goldman Sachs, and how she turned a summer internship during business school into a career at Oaktree.   Working with clients today is all about transparency, speed, and accuracy. We discuss how exogenous factors from the GFC have shaped client demands and how Oaktree transformed its business to meet these new requirements.    We discuss the continuous demand of portfolio and company information and the “multiplier effect” from the increasing level of sophistication within the industry.   We close with how Oaktree builds new products today, what a good prospect meeting looks like, and how Oaktree hires and instills culture and values.   It's worth noting - this year, Nicole was named to 50/50 Women on Boards' second annual 50 Women to Watch for Boards list, which highlights exceptionally qualified women leaders from various sectors across North America. Learn More Follow Capital Allocators at @tseides or LinkedIn Subscribe to the mailing list Access transcript with Premium Membership

In this episode of the InsuranceAUM.com podcast, Stewart Foley, CFA sits down with Bob O'Leary, Portfolio Manager of Oaktree Opportunities Funds and co-CEO of Oaktree Capital Management. Bob shares his journey from Oregon to Oaktree, offering insights into Oaktree's ‘sea change' narrative and the evolving landscape of credit investing. He explores the structural shifts in private credit, from disintermediation to the rise of rescue financings, and discusses what he thinks are the opportunities and challenges for insurers in today's market.

I'm not a financial advisor; Superpowers for Good should not be considered investment advice. Seek counsel before making investment decisions.Watch the show on television by downloading the e360tv channel app to your Roku, AppleTV or AmazonFireTV. You can also see it on YouTube.When you purchase an item, launch a campaign or invest after clicking a link here, we may earn a commission. Engage to support our work.Devin: What is your superpower?Bennett: I hate this question. But I guess I'll say my superpower is probably grit.Finding the right senior housing for loved ones is often a daunting and stressful experience. In today's episode, I had the pleasure of speaking with Bennett Kim, the CEO and founder of ZNest, who is on a mission to transform this process. Bennett shared his professional journey and the personal motivations that led him to create ZNest, a platform designed to democratize senior housing options and streamline the search process for families.Bennett's career in senior housing began over two decades ago with a private equity firm, Apollo, which owned the largest private assisted living operator in the country at the time. His experiences with Apollo and the challenges he faced finding care for his aging parents deeply influenced his decision to start ZNest during the pandemic.One of the most compelling aspects of Bennett's work is his recognition of the systemic issues within the senior housing industry. He identified that existing referral companies often prioritize profit over genuinely helping families, leading to a lack of transparency and limited options for those seeking care. ZNest aims to change this by providing a comprehensive, free directory similar to Zillow or Apartments.com, allowing families to see all their options without being steered by hidden incentives.Bennett explained, "We need to have kind of this democratized data and allow families to know what all their options are. So we say our model is a little bit more akin to a Zillow or an Apartments.com for senior housing where there's a free consumer-facing side and we just monetize through tools on the back end."In addition to revolutionizing the search process for senior housing, ZNest is also addressing another critical issue in the industry: labor shortages. Bennett highlighted that the pre-boarding process for new hires in senior housing facilities often takes several weeks, causing many potential employees to opt for quicker employment opportunities like fast food or gig economy jobs. To combat this, ZNest is developing tools to keep job seekers engaged through text-based communication and detailed community profiles, which also serve to inform families about their potential new homes.Bennett's innovative approach to solving these dual challenges in the senior housing industry not only aims to make life easier for families but also seeks to improve operational efficiency for housing providers. His vision for ZNest is a testament to his commitment to creating meaningful change in a space that affects so many lives.For those interested, ZNest is currently raising funds on Wefunder. You can learn more about their mission and support their efforts at wefunder.com/znest.tl;dr:1. Introduction and Guest Background: The show opens with host Devin welcoming guest Bennett Kim, an entrepreneur from ZNest, a company aiming to revolutionize how people find senior housing. Bennett is motivated by both personal and professional experiences, including senior housing development and his parents' aging.2. Career Catalysts and Pandemic Insights: Bennett explains that his extensive experience in the senior housing industry and his parents' ages prompted him to start ZNest, especially during the pandemic. He wanted to create something meaningful in the latter part of his career and saw the existing senior housing search processes as problematic.3. ZNest's Mission and Technology: Bennett outlines ZNest's mission to democratize data for senior housing. Unlike existing referral companies, ZNest aims to provide a comprehensive directory akin to Zillow or Apartments.com for senior housing, allowing families easier access to their options without biased referrals from companies prioritizing their profit margins.4. Employment Issues in Senior Housing: Another focus of ZNest is addressing labor shortages and high attrition rates in senior housing. Bennett's team developed tech solutions, including a texting-based engagement service to keep job seekers engaged during the lengthy pre-boarding process. These profiles serve dual purposes: aiding in both employment and housing searches.5. Crowdfunding and Future Directions: ZNest is raising funds on Wefunder to further develop its platform. They aim to reduce the reliance on costly referral fees and provide a more transparent and efficient process for both housing seekers and employers in the senior housing industry. Bennett encourages the audience to invest in ZNest via their Wefunder campaign.How to Develop Grit As a SuperpowerBennett Kim defines his superpower as grit. He attributes his success to his ability to persist through challenges and maintain his commitment to his goals, even when faced with significant obstacles. Despite not always being the smartest or most charismatic person in the room, his unwavering determination has enabled him to overcome difficulties and achieve his objectives.Bennett shared an anecdote illustrating his grit during the early stages of building ZNest. He recounted multiple instances where the company was on the brink of running out of cash, leaving them with only a couple of months' worth of funds. These moments were filled with uncertainty and doubt, but Bennett's relentless perseverance and constant effort to pivot and adapt kept the company afloat. His ability to "keep on pounding" and "claw back" during these tough times exemplifies his superpower of grit.Tips for Developing Grit:1. Daily Reflection: Spend time each day reflecting on why you are pursuing your goals. This can be the first thought in the morning or the last thought before bed.2. Passion Alignment: Ensure you are genuinely passionate about your work. Passion helps sustain motivation during challenging times.3. Discipline: Develop a disciplined approach to your tasks. Commit to taking consistent steps forward, no matter how small they may seem.4. Introspection: Regularly evaluate your progress and adjust your strategies as needed. Being introspective can help you stay aligned with your goals and make necessary adjustments.By following Bennett Kim's example and advice, you can make grit a skill. With practice and effort, you could make it a superpower that enables you to do more good in the world.Remember, however, that research into success suggests that building on your own superpowers is more important than creating new ones or overcoming weaknesses. You do you!Guest ProfileBennett Kim (he/him):CEO, ZNestAbout ZNest: ZNest is “Zillow meets Glassdoor for senior housing.”  The monetization for the initial phase is a labor platform (job board, analytics, salary transparency) connected to a free consumer-facing senior housing directory.  Our ultimate goal is to simplify the way families find senior housing for their aging loved ones.Website: www.znest.comX/Twitter Handle: @ZNestSeniorsFacebook Page: fb.com/ZNestSeniorsLinkedin: linkedin.com/company/znestInstagram Handle: @znestseniorsOther URL: wefunder.com/znestBiographical Information: Prior to ZNest, Mr. Kim was Managing Partner of Big Rock Senior Housing and Chief Investment Officer of Big Rock Acquisition Corp.  Previously, Mr. Kim held key roles at Carefree Communities, Apollo Real Estate Advisors, Oaktree Capital Management, Merrill Lynch Real Estate Investment Banking, Walt Disney Imagineering, and Disney Development Company. Mr. Kim graduated with an MBA from Harvard Business School and a BA in Economics from UCLA. Upcoming SuperCrowd Event CalendarIf a location is not noted, the events below are virtual.* SuperCrowdChicago, June 12, 2024. This in-person event at Columbia College Chicago features some of Chicago's prominent citizens and community leaders, along with crowdfunding experts. Use the discount code “SuperCrowd” to save 50 percent! The event will also stream live via the e360tv network and will be streamed live right here on Superpowers for Good.* Impact Cherub Club Meeting hosted by The Super Crowd, Inc., a public benefit corporation, on June 18, 2024, at 1:00 PM Eastern. Each month, the Club meets to review new offerings for investment consideration and to conduct due diligence on previously screened deals. To join the Impact Cherub Club, you must first become an Impact Member of the SuperCrowd.* SuperCrowdHour, June 19, 2024, at 1:00 Eastern. Each month, we host a value-laden webinar for aspiring impact investors or social entrepreneurs. At this month's webinar, Angela Barbash of Revalue will share insights about moving money from Wall Street to Main Street. Register here.* Superpowers for Good Live Pitch, June 26, 2024 at 9:00 PM Eastern. We'll host a live pitch right here on Superpowers for Good. If you would like to be one of the companies pitching, apply here.* Recently, we created an AI GPT to help you learn more about The Super Crowd, Inc., a public benefit corporation, and our upcoming events. Click here to try it.SuperCrowd Community Event Calendar* Successful Funding with Karl Dakin, Tuesdays at 10:00 AM ET - Click on Events* The Reg A & Crowdfunding Conference, June 20, Westchester Country Club (Save 20% with the code Super20)* How Small Businesses Can Raise Capital from the Crowd, Thursday, July 11, 1 – 2 pm ET: Explore transforming your community connections into capital to start or grow a small business through regulated investment crowdfunding.  Learn more about how this type of crowdfunding works and the benefits and challenges of raising capital from the crowd. About our Presenter: Author and journalist Devin Thorpe has over 25 years in finance and a rich background as a former CFO and investment banking firm founder.  He's also a champion for social good, publishing his Superpowers for Good newsletter and show.* Crowdfunding Professional Association, Summit in DC, October 22-23* Asheville Neighborhood Economics, November 12-13.If you would like to submit an event for us to share with the 5,000+ members of the SuperCrowd, click here.We use AI to help us write compelling recaps of each episode. Get full access to Superpowers for Good at www.superpowers4good.com/subscribe

Ora è ufficiale: l'Inter da oggi è di proprietà della Oaktree Capital Management come conseguenza del mancato rimborso del prestito triennale concesso proprio da Oaktree alle holding del club nerazzurro, scaduto ieri con un saldo complessivo di circa 395 milioni di euro.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Television and Radio broadcast live from the Milken Institute Global Conference featuring Armen Panossian, Co-CEO at Oaktree Capital Management, Runa Alam, Co-Founding Partner and CEO at Development Partners International, Al Rabil, CEO at Kayne Anderson, Raj Chetty, Harvard University Professor of Public Economics and Andrew Bednar, CEO at Perella Weinberg. Hosts: Carol Massar and Romaine Bostick. Producer: Paul Brennan. See omnystudio.com/listener for privacy information.

In this episode David interviews Armen Panossian, co-CEO and head of Performing Credit at Oaktree Capital Management, known for its successful management of distressed debt. Armen outlines his background in finance and his journey at Oaktree since joining the firm in 2007. He discusses Oaktree's foundation in 1995, its investment philosophy emphasising risk control, and its focus on credit investment. Oaktree primarily manages portfolios in opportunistic credit, aiming for mid-teen returns with robust risk management strategies. The conversation also highlights the differences between performing and non-performing credit, with the former involving financially stable borrowers and the latter involving distressed entities that may offer enhanced returns. Despite current economic stability, Armen highlights a significant need for tailored capital solutions, especially in sectors like real estate and healthcare. He concludes by discussing potential economic shifts and the importance of prudent investment strategies to navigate uncertain financial landscapes.

Oaktree Capital Management co-founder Howard Marks says efforts to support the US economy during the Global Financial Crisis and the Covid-19 pandemic have led to a growth in government leverage that could prove unsustainable with Bloomberg's Jonathan Ferro and Lisa AbramowiczSee omnystudio.com/listener for privacy information.

Oaktree Capital Management co-founder Howard Marks says efforts to support the US economy during the Global Financial Crisis and the Covid-19 pandemic have led to a growth in government leverage that could prove unsustainable See omnystudio.com/listener for privacy information.

Just like gold, Bitcoin is `only worth what people will pay for it,' says Oaktree Capital Management co-founder Howard Marks. He discusses crypto, explains why he believes the investment environment has undergone a “sea change,” and that we won't be returning to the world of 0% interest rates in the foreseeable future. So instead of Bitcoin or gold, investors should be in a high-yield bond fund.See omnystudio.com/listener for privacy information.

Chapter 1 What's Mastering the Market Cycle Book by Howard Marks"Mastering the Market Cycle: Getting the Odds on Your Side" is a book written by Howard Marks, an American investor and co-founder of Oaktree Capital Management. The book was published in 2018 and offers insights into understanding and navigating market cycles in the world of investing.In this book, Marks emphasizes the importance of recognizing and understanding market cycles to become a successful investor. He delves into the concept of market psychology, investor behavior, and the impact of human emotion on stock market fluctuations. Marks provides his own insights and experiences from his decades-long career in investing, offering valuable lessons and guidelines for investors to interpret and react to market cycles."Mastering the Market Cycle" aims to help investors gain a better understanding of the market dynamics and improve their ability to time their investments. By analyzing historical trends and market cycles, Marks presents strategies to identify the stages of a market cycle and take advantage of the opportunities each stage offers. He highlights the significance of risk management, contrarian thinking, and avoiding common pitfalls that hinder investment success.Overall, the book serves as a guide for investors to develop a more informed and rational approach towards market cycles, making better investment decisions by aligning them with the prevailing market conditions.Chapter 2 Is Mastering the Market Cycle Book A Good BookYes, "Mastering the Market Cycle" by Howard Marks is widely regarded as a good book. It provides valuable insights into understanding market cycles, investor psychology, and risk management. The book is well-written and offers practical advice for investors to navigate through different stages of market cycles. Many reviewers consider it a must-read for anyone interested in understanding the dynamics of market fluctuations and enhancing their investment strategies.Chapter 3 Mastering the Market Cycle Book by Howard Marks Summary"Mastering the Market Cycle" is a book written by Howard Marks, the renowned investor and co-founder of Oaktree Capital Management. In this book, Marks discusses the importance of understanding and navigating market cycles to become a successful investor.The book emphasizes the fact that markets are cyclical in nature, characterized by periods of boom and bust. Marks provides insights on how to identify and interpret the various phases of a market cycle, such as the market's peak, bottom, and everything in between.Marks stresses the significance of being aware of the prevalent market conditions and not getting carried away by emotions such as fear or greed. He acknowledges that predicting market cycles is an extremely challenging task, but focuses on the importance of assessing the probabilities and risks associated with each phase of the cycle.The book also covers various factors that influence market cycles, including economic indicators, investor behavior, and market psychology. Marks delves into the concept of risk and how it should be approached by investors, highlighting the need for a balanced and disciplined strategy.In addition, "Mastering the Market Cycle" includes real-life case studies and examples from Marks' extensive experience in the investment industry. He shares valuable lessons learned from past market cycles, offering practical insights for investors to develop their own strategies and improve their decision-making abilities.Overall, "Mastering the Market Cycle" is a comprehensive guide that aims to help investors gain a deeper understanding of market cycles and enhance their overall investment performance. It provides...

Our second episode back and we're getting punchy.On the show today we spoke about four different stories with some common these.Firstly, we revisit the Kali Metals (KM1) listing with additional info coming to light. Then, we give tungsten a debut on Money of Mine as we chat through EQ Resources (EQR) almost complete acquisition of Saloro and placement to Oaktree Capital Management. Next up Trav got deep into a near and dear topic, shareholder activism, with the words of a fund manager sparking his interest in another activist campaign. To round off a big show, we question why Rex Minerals (RXM) needed to raise almost $30m for working capital purposes. All Money of Mine episodes are for informational purposes only and may contain forward-looking statements that may not eventuate. The co-hosts are not financial advisers and any views expressed are their opinion only. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional. Thank you to our Podcast Partners: InvestorHub – The go-to Digital Platform shaking up the Investor Relations industryEmail rhori@investorhub.com for more information DSI Underground - Supplier of Ground Support Products to the Mining and Tunnelling industries Terra Capital – Specialist investment manager in the natural resources sector McMahon Mining Title Services (MMTS) – Australia-wide tenement service experts Futureproof Consulting – Specialist mining-industry sustainability consultants providing ESG solutions for miners of all sizes, stages and commodities Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much more KCA Site Services – Underground mining machine hire for IT's, normet's, trucks and more Brooks Airways – Perth's leading charter flight operators K-Drill – Safe, reliable, and productive surface RC drilling  Buy your Money of Mine MERCH here Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Subscribe to our weekly newsletter HOOTEROO HERALD Follow Money of Mine on YouTube Follow Money of Mine on Twitter Follow Money of Mine on LinkedIn Follow Money of Mine on InstagramTIMESTAMPS(0:00:00)Introduction(0:01:23)K-Drill ramp it up(0:05:00)Details emerge on Kali (KM1)(0:10:35)Creating the biggest western tungsten miner(0:18:05)Kickstarting a shareholder activist campaign (0:36:00)Is raising $30m the right call for Rex Minerals?

Today we host Howard Marks of Oaktree Capital Management. For most of us in the investment community, Howard needs no introduction. He is somebody we have looked forward to hosting for quite some time and I couldn't think of anybody better to kick off year five of the Investors First Podcast. We could go on and on about his track record, whether it be his time at the University of Pennsylvania or the University of Chicago, his firm's investment performance, or his various professional achievements, but we must note that Howard is a fellow CFA charter holder (circa 1975).    In today's episode, we cover the various phases of Howard's career. We then discuss the beginning of his time in high-yield debt and how the shift to a risk-return framework for fiduciaries forever changed the investing profession. We also discussed his famous memos and his important thoughts on the Sea Change we are currently experiencing in markets and much more. We are truly grateful for the time Howard offered and he was everything we expected and then some.    Today's hosts are Steve Curley, CFA (Founder, 55 North Private Wealth) & guest host Chris Cannon, CFA (Chief Investment Officer, FirsTrust).    Please enjoy the episode. Follow us on Twitter & LinkedIn.

Alona Gornick serves as a Managing Director, Senior Investment Strategist, and Co-Head of the Chicago Office for Churchill Asset Management. In her role, Alona provides meaningful investment insights across the private capital spectrum to the investment community, with a particular emphasis on the Private Wealth and Retail channel. Alona joined Churchill in 2017 as an Originator, developing relationships with leading private equity sponsors to source and structure high-quality deal flow for the platform. Prior to joining Churchill, Alona spent 14 years in various investment, capital markets and investor relations roles at leading organizations, including Nuveen (Churchill's parent company), Golden Gate Capital, and Oaktree Capital Management. Alona earned her B.A. in Business Administration from the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill and her M.B.A. from The Wharton School at the University of Pennsylvania.

Welcome to the inaugural episode of the Meet the Investor series. In this episode, host Joey Mouracadeh, Senior Investment Director at Stanford Brown Private Wealth, sits down with Justin Miller, Product Specialist at Oaktree Capital Management, one of the world's leading alternative investment managers. Justin offers insights into Oaktree's distressed debt investing approach, managing over $44 billion in assets. They delve into Oaktree's history, the essence of high-yield bonds, and the dynamics of distressed debt. The conversation concludes with a look at current market conditions and the potential of distressed debt as interest rates rise. Join us for this insightful exploration of Oaktree's investment strategies.   Music provided by: Autumn Trumpet Background Corporate by LesFM | https://lesfm.net/ Music promoted by https://www.chosic.com/free-music/all/ Creative Commons CC BY 3.0 https://creativecommons.org/licenses/by/3.0/

“There's not enough private credit capital relative to private equity demand,” Armen Panossian, managing director, head of performing credit and incoming co-CEO for Oaktree Capital Management says. Panossian joins Bloomberg Intelligence's Noel Hebert and Sam Geier on this Credit Crunch episode of the podcast FICC Focus podcast series for an in-depth discussion about private-credit growth, the high-yield opportunity, expected impacts from a prospective economic slowdown and more.

In theory, the Federal Reserve operates by tightening the supply of credit. Or at least making it more close. Yet so far, despite the rate hikes, the economy has remained resilient. And credit spreads have remained surprisingly tight. So what's going on? Where are the risks? Why are some pockets of the credit markets showing weakness, while others are rock solid? On this episode of the podcast, which was recorded live at the Future Proof conference in Huntington Beach, California, we speak with Wayne Dahl, a managing director and investment risk officer at Oaktree Capital Management, to get a broader lay of the land.See omnystudio.com/listener for privacy information.

In this episode, we had a conversation with ANDMORE Chairman & CEO Bob Maricich, who was recently named as the 2023 Industry Icon Honoree by TSNN. He shared insight into the company he founded in 2011, built over the last 13 years and rebranded with a new name in 2023. Maricich talked about the transition of ownership from Bain Capital and Oaktree Capital Management to Blackstone, which has supported the company's expansion and acquisitions since 2017. Find out how and where the company is investing to transform ANDMORE into an omnichannel wholesale marketmaker for the gift, home furnishings and apparel industries. Podcast host Danica Tormohlen also shared the top five new stories from Trade Show News Network, Exhibit News Now and Corporate Event News that were published in the second half of July 2023. Our guest Bob Maricich is the Chairman and CEO of ANDMORE – formerly International Market Centers (IMC) – the premier omnichannel wholesale marketmaker for the gift, home furnishings and apparel industries.  Maricich was instrumental in envisioning and developing the strategy for the creation of International Market Centers, L.P. In 2011, he founded IMC with sponsors Bain Capital and Oaktree Capital Management raising more than $1B to fund the purchase of the International Home Furnishings Center, the ShowPlace properties, and the Market Square properties in High Point, NC, and merging them with the World Market Center in Las Vegas to form the world's largest operator of premier permanent showroom and tradeshow space for the furnishings, home décor, and gift industries. During the next five years IMC built or purchased five additional buildings in High Point, NC, bringing their total to 17 buildings.  In 2017, Maricich led IMC's transition to new ownership by Blackstone, one of the world's leading investment firms, and Fireside Investments. In 2018 he directed IMC's acquisitions of AmericasMart in Atlanta, GA, and the subsequent acquisition of the Atlanta Decorative Arts Center (ADAC), creating a compelling portfolio spanning the east and west coasts of the United States that now encompasses more than 22 million square feet of world-class B2B exhibition space.  With the AmericasMart aquisition, IMC also became the managing partner of LightFair, North America's largest architectural and commercial lighting trade show and conference as well as owner and operator of the Atlanta Convention Center at AmericasMart which hosts dozens of outside events, meetings and conferences each year. In 2020, despite the Covid shutdown, IMC constructed the 315,000 sf Expo at World Market Center Las Vegas, addressing the lack of downtown Las Vegas exhibit space. In 2022, IMC acquired luxury tradeshow Shoppe Object and has since expanded it dramatically. In 2023, IMC rebranded to ANDMORE repositioning the company as a fully omnichannel marketmaker utilizing digital tools to extend the value of physical markets and fuel year-round opportunities for buyers and sellers to connect and grow. Under Maricich's leadership, ANDMORE serves more than 350,000 global wholesale buyers through its physical markets, design centers and digital channels. It presents some 34 apparel, furniture, gift, home décor and lifestyle markets and buying events – in permanent showroom space and trade show exhibits – in Atlanta; High Point, NC; Las Vegas; and New York. Some 2,200+ exhibitors showcase their products in permanent showroom spaces. It brings in an additional 7,000+ temporary exhibitors in 2 million sf of trade show exhibit space each year. It serves the design trade year-round through showroom offerings and programming at ADAC, AmericasMart and the Las Vegas Design Center. Additionally, it offers digital innovations that optimize the physical market experience.  Maricich joined World Market Center as CEO in January 2008. Prior to that, he spent 11 years as CEO of Century Furniture Industries, a leading luxury furniture manufacturer. From 1989-1996 Maricich was President and CEO of American Drew Furniture and American of Martinsville, at the time the largest manufacturer of furniture for the hospitality industry. Additionally, he was an executive with Flexsteel Industries, R.S Bacon Veneer Company and Texaco.  In 2015, the Anti Defamation League honored Maricich with the American Heritage Award. In 2016 he was honored as Man of the Year by the Tri-State Home Furnishings Association. In 2017, Maricich received the American Heritage Distinguished Service Award from the American Home Furnishings Alliance. In 2019, he was named a Furniture Industry Icon by the International Home Furnishings Representatives Association. Marcich was listed among The Atlantan Magazine's 25 Most Influential People in Atlanta, and also was included in Atlanta Magazine's 500 Most Powerful Leaders in Georgia. In 2021, Maricich was inducted into the American Home Furnishings Hall of Fame, the industry's highest honor.  Maricich has been an active board member for numerous charitable organizations including City of Hope, Opportunity Village, and the Juvenile Diabetes Foundation. Maricich is a graduate of Montana State University with a degree in Civil Engineering. He and his wife, Ande, have been married for 50 years and have three grown sons. He especially enjoys his lifelong passion for fly-fishing.  The Maricich's reside in Key Largo, FL, and Kennebunkport, ME. Connect with Bob on LinkedIn here.  

"Mastering the Market Cycle: Getting the Odds on Your Side" by Howard Marks is a book that explores the dynamics and patterns of market cycles in the world of investing. Howard Marks, a seasoned investor and co-founder of Oaktree Capital Management, shares his insights and strategies for understanding, analyzing, and capitalizing on market cycles to enhance investment returns.

Our conversation outlines the current landscape for fixed income investors and where to locate opportunity within the asset class, including within private markets. We also touch on an outlook for monetary policy, rates, CMBS, and the macro environment. Featured are Armen Panossian, Head of Performing Credit with Oaktree Capital Management, and Leslie Falconio, Head of Taxable Fixed Income Strategy Americas with the UBS Chief Investment Office. Host: Daniel Cassidy

If you clean out your closet once in a while, consider doing the same with your investment portfolio. (0:21) Ron Gross and Jason Moser discuss: - Stocks investors should consider trimming like hedges - 2 stocks to throw out altogether - Stocks that spark joy (a la Marie Kondo) - Investments poised for a comeback - Why Visa, Mastercard, and Berkshire-Hathaway are good stocks for a rainy day - Actual cleaning tips! (19:11) Motley Fool senior analyst Bill Mann talks with Howard Marks, co-founder of Oaktree Capital Management, about China's effect on inflation in the U.S. and the winners and losers in a world of higher interest rates. To get your copy of our free report "Top Stocks For Rising Interest Rates" just go to fool.com/interest. Stocks discussed: FIVE, DG, DLTR, OLLI, ZG, UA, COST, CDNS, XBI, PYPL, SQ, BRK, V, MA Host: Chris Hill Guests: Jason Moser, Ron Gross, Bill Mann, Howard Marks Producer: Ricky Mulvey Engineer: Dan Boyd

We welcomed Jerilyn Castillo McAniff to the podcast to celebrate Women's History Month. She is the Managing Director and Head of Diversity & Inclusion at Oaktree Capital Management. In 2007, she co-authored a book with her husband titled, The Practitioner's Guide to Investment Banking, Mergers & Acquisitions, Corporate Finance.  Jerilyn is originally from the Philippines. She immigrated to the Bay Area with her family in the seventies when things there were getting complicated. The Bay Area was a welcoming place for Filipino immigrants to come at the time. They had to start from the beginning, however, with the support of a large extended family, her parents and grandparents decided to stay and raise their family there.In this episode, Jerilyn talked about going to Haas, her career in finance, how she got introduced to investment banking, and her transition to a career in alternative investments. She also shared the importance of mentorship.Jerilyn is passionate about teaching new professionals and students interested in careers in finance. She is actively involved with AltFinance: Investing in Black Futures, Girls Who Invest, and the Blomberg Buyside Women's Network. Episode Quotes:Why she believes so much in the power of mentorshipI saw it transform me. If you have somebody in your life at a very early stage showing you how to do things, it helps bring so much confidence. And I know how transformative that can be for a person of color, a woman, or anyone when you didn't grow up in the same environment.On having a growth mindsetNo matter your profession or how you were raised, or what kind of life you have, we all face challenges. Every day presents challenges. And so much of it is how you look upon your life. Are you a half-glass full or half-glass empty kind of person? And when there's a road bump or something really difficult, do you look at it and say, Okay, what can I learn? What am I getting out of this? How is this going to help me grow as a person? Having that attitude that every challenge is an opportunity to learn something new, meet new people, do something you've never done before—when you have that outlook, everything is an opportunity. And it's a really great way to look at life.Why she and her husband wrote a book about investment bankingPeter and I wrote it with the goal of helping anyone interested in the business learn with a practical lens how to do the basic types of analysis that are expected on the job. That was really born out of this interest in trying to help people. It's an industry that can be very intimidating. And we wanted to eliminate that intimidation.What gets her up in the morning?I love helping others who are interested in learning about this (finance) business, this wonderful industry that has been so rewarding to me in many respects. Just being able to satisfy so much intellectual curiosity. I want as many people who have an interest in it to stay for the long term because it is so intimidating on the front end that people decide to leave and tap out. I want to teach and train them to stay engaged.How can people support other people?Whatever industry or career you're in, find out the mentorship and early education programs that feed into your business and see what you can do. Everybody can support someone new or younger than them in their own professional journey. So much of the opportunity that I've been given is because others made that investment in me. And to turn it around, pay it forward, and support the ones that come behind you, that's how we build stronger organizations. That's how we build better communities.Show Links:LinkedIn ProfileThe Practitioner's Guide to Investment Banking, Mergers & Acquisitions, Corporate FinanceAltFinanceGirls Who InvestBloomberg Buyside Women's NetworkSupport this podcast at — https://redcircle.com/onehaas/donations

Sasha Orloff built his first two companies at the same time. Now he's helping other founders figure out the financial puzzle they face on the startup journey. His latest venture, Mission Lane, has raised funding from top-tier investors like Oaktree Capital Management, Gramercy Ventures, QED Investors, and Goldman Sachs.

If a key to personal happiness is low expectations, then a key to investing may be realistic expectations. Howard Marks is the co-founder and co-chairman of Oaktree Capital Management. Motley Fool Director of Small Cap Research Bill Mann caught up with Marks to discuss: - Why higher interest rates created a “Sea Change” for investors - China's economic miracle, and its impact on inflation - Lessons from the era of easy money - What life insurance companies can teach investors about risk To read Howard Marks' latest memo, click here: https://www.oaktreecapital.com/insights/memo/sea-change   Host: Bill Mann Guest: Howard Marks Producer: Ricky Mulvey  Engineers: Rick Engdahl, Annie Franks

Welcome to another episode of The Action and Ambition Podcast! Joining us today is Heather Goldman, a 25+ year global capital markets and technology executive. Heather is part of the executive leadership team of EQBR Holdings, creator of the world's first blockchain technology with seamless commercialized integration, expanding its products and services from Asia into the Americas. She currently serves as a director/trustee for global fund complexes managed by Brookfield Public Securities Group and Oaktree Capital Management. She advises BSS Capital, a leading Tel Aviv based placement agent. In her philanthropic endeavors, Heather serves as a board director for The Gesher Foundation USA. She also served as a water resource management US Peace Corps Volunteer in Mali, West Africa. Don't miss a thing on this. Tune in to learn more!

Where are we in the market cycle? Legendary investor Howard Marks, co-founder and co-chairman of Oaktree Capital Management, shares his observations and discusses where the 'pendulum' may be heading in this interview with Alex Steger and Alex Rosenberg. Recorded live in San Francisco on November 17th.

In this episode, we are joined by William Wu, the Founder, and CEO of Catheon Gaming, an integrated blockchain gaming, and entertainment company, focused on bringing entertainment value via blockchain to the masses. They are an agile, fast-moving company at the forefront of blockchain gaming innovation. Catheon has a growing portfolio of over 25 gaming titles in genres such as sports, adventure, anime, shooter, MMORPG, and metaverse games and recently crossed over 51 million user downloads. Previously, William was an investment professional at Oaktree Capital Management in Hong Kong, focused on special situations and distressed private equity opportunities, and a consultant at McKinsey & Co. in London, helping organizations across the world to develop corporate strategies, make investment decisions, and capture value. Tune in to learn more!

In this episode of Exchanges at Goldman Sachs: Great Investors, Howard Marks, Co-Chairman of Oaktree Capital Management, speaks with Goldman Sachs' Katie Koch, Chief Investment Officer of Public Equity in Goldman Sachs Asset Management, about his investment philosophy, his views on market cycles and why investing is the “discipline of relative selection.” 

What if there was a single volume that housed all of Howard Marks's wisdom... there is! And what if there was a single podcast that condensed all of that wisdom... there is!Remember, with each episode, we will provide a helpful Deep-Dive infographic where we break down the entire book on to 1 page! Check out, and download, this week's infographic below!Howard Marks, the chairman, and co-founder of Oaktree Capital Management is renowned for his insightful assessments of market opportunity and risk. After being in the game for four decades, his wisdom is sought out by the world's leading value investors. Similar to Buffett's investor meetings, Marks releases client memos that are full of insightful commentary and a time-tested, fundamental philosophy. Now for the first time, everyone can benefit from Marks's wisdom, concentrated into a single volume that speaks to both the amateur and seasoned investor.Here are our top 10 takeaways:Mind GamesExit PlansMarket CyclesApproachRoll Of ChanceRisk MindsetManaging RiskMeasuring RiskDon't Be A SheepChasing DealsDownload the infographic here!Tweetable Quotes:"You're not gonna get me in a white wife beater. I'm so pale. It will not be good."  – Anthony Vicino"You just have to buy stuff for less than what it's worth."  – Dan KruegerLEAVE A REVIEW if you liked this episode!!Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.To learn more, visit us at https://invictusmultifamily.com/**Want to learn more about investing with us?**We'd love to learn more about you and your investment goals. Please fill out this form and let's schedule a call: https://invictusmultifamily.com/contact/**Let's Connect On Social Media!**LinkedIn: https://www.linkedin.com/company/11681388/admin/Facebook: https://www.facebook.com/invictuscapitalventures/YouTube: https://bit.ly/2Lc0ctX

In this episode, Elena talks with Hilary Hoffman about how she got integrated into the C-Suite Collective. After nearly a decade in finance, spending her time most notably at Goldman Sachs and Oaktree Capital Management, Hilary Hoffman launched her fitness platform The SOTO Method in 2021. The SOTO Method is a program she initially created for herself; strapped for time, she craved a more efficient burn. The workout needed to reflect her reality: she had only 35 minutes, and every single second needed to count. Through Hilary's extensive knowledge of isometrics, SOTO delivers approachability, efficiency and results. In class, you will be reminded to stay in the “can” mindset time and time again. This means physical strength starts with believing four words, “I can do this.” “After my time at Goldman, I made a pivot within the industry, and I landed in a spot that I was not particularly happy in. And that unhappiness brought me to a place of self-discovery. During that whole process, what I decided to do was instead of thinking, This is what I want to do next, I would have conversations with as many humans as I could. There was no agenda other than, ‘Tell me why you love your job. Tell me what you love about the day-to-day of your role at this company.' I started to learn that people who loved their jobs the most had a sense of agency that they got to access on a daily basis. And more importantly, they were in roles where they felt like they were utilizing their strengths on a daily basis. And I had come to a place where a lot of the friction I experienced in finance . . . I was good enough at my job where I could have 100% been happy if I had stayed there and pivoted companies once. However, I decided to figure out what were my strengths and where can I best express them? And during this time, the SOTO method was something that I'd always come back to.” Hilary says, “It's such a powerful exercise of just saying out loud, ‘What is holding me back from taking that next step?'” Join us to learn more.  Contact Hilary Website: https://www.sotomethod.com/ Instagram: https://www.instagram.com/sotomethod/ Linked In: https://www.linkedin.com/company/the-soto-method Credits: This podcast was produced by the following amazing team:  John Biethan, President of Imagine Podcasting  Sam De Santo, Creative Director  Rye Taylor, Podcast Design Strategist & Producer  Alan Meaney, Audio Engineer  Meg McCarley, Brand Designer & Social Media Manager  Raejan Noh, Content Writer  Jennifer Harshman, Content Writer  Aaron Boykin, Musician & Artist (Get updates about Aaron's music via Instagram)